A British vote to leave the European Union would hit large German banks, the head of German financial watchdog Bafin said. » Read More
PLYMOUTH, Minn.-- Mosaic Co.' s net income shrank 18 percent in its fiscal first quarter because of lower prices for its phosphate fertilizer and production problems that weighed on sales volumes. The company's results missed Wall Street's view and shares dropped $1.38, or 2.4 percent, to $56.63 in premarket trading Tuesday.
MEXICO CITY-- The appearance of a life-size statue of Azerbaijan's "founder of the nation" on Mexico City's elegant Reforma Avenue, not far from Mahatma Gandhi, Abraham Lincoln and Mexico's national heroes, is raising eyebrows and protests.
NEW YORK-- Christina Applegate says she hopes a few flashes of hot pink might turn heads. Right Action is a charitable services fund of the Entertainment Industry Foundation. ASICS has promised a minimum donation of $75,000, up to $100,000.
NEW YORK-- U.S. stock futures are rising on optimism from improving U.S. manufacturing data and despite concerns about the economic outlook of both Greece and Spain. Dow futures are up 47 points to 13,484. The broader S&P 500 futures are 8 points to 1,445. Nasdaq futures are up 13 points to 2,801..
DETROIT-- Chrysler's U.S. sales rose almost 12 percent last month as the company reported its best September in five years. Volkswagen also reported a large sales increase, up 34 percent from a year earlier. "We remain optimistic about the health of the U.S. new vehicle sales industry and our position in it," said Reid Bigland, Chrysler's head of U.S. sales.
One of YouTube's new 100- channel portfolio, TakePart TV will deliver original programming that consists of news, short-form comedy, animation and nonfiction series featuring such names as Henry Rollins, Dan Savage and Kobe Bryant.
BANGKOK-- The Thai Cabinet has extended a rice-buying scheme that has been plagued by complaints of corruption and threatens the country's long-time reign as the world's top rice exporter. But critics said it had caused a plunge in Thailand's rice exports due to the high price guarantee at home.
BERLIN-- A leading German economic thinktank is lowering its growth forecasts for the country this year and next in light of the debt problems afflicting a number of euro countries.
NEW YORK-- Financial services company BNY Mellon has purchased the 50 percent stake of WestLB Mellon Asset Management that it doesn't already own from joint venture partner Portigon. "Germany has one of the most sophisticated investment industries globally, and is a key strategic priority for BNY Mellon.
JERUSALEM-- Israel's prime minister held the prospect of early elections over the heads of his coalition partners Tuesday, opening a drive to get his budget approved, a campaign that could have foreign policy implications.
NEW YORK-- Kraft Foods Group and Mondelez International are set to begin trading as two separate public companies on Tuesday. Scott Mushkin of Jefferies started coverage of Kraft Foods Group Inc. with a "Buy" rating and $50 price target. Citi Investment Research's David Driscoll gave Kraft Foods Group a "Neutral" rating and $48 price target.
Regis also announced in July that it is selling hair replacement services provider Hair Club for Men and Women to Japan's Aderans Co. for $163.5 million in cash. Aderans, based in Tokyo, offers hair replacement and restoration products and services.
LONDON-- Surprise good news from the U.S. continued to shore up financial markets Tuesday despite concerns about the economic outlook of both Greece and Spain. "The ISM rose above the critical 50 mark in a surprise move yesterday thus creating a jamboree of good sentiment," said Carolin Hecht, an analyst at Commerzbank.
BUCHAREST, Romania-- Hundreds of workers have protested at a Romanian chemical plant after the government scrapped the sale of the debt-ridden company, saying the prospective buyer had failed to prove he could pay.
BRUSSELS-- Europe's banks should create a firewall between their traditional retail banking operations and more risky investment banking ones and force executives to personally take losses when their banks fail, a new expert report suggested Tuesday. Ireland has already gone bankrupt rescuing its banking sector, and Spain could, too.
HONG KONG-- Hong Kong police on Tuesday arrested six crew members from two boats in a collision that killed 38 holiday revelers, but offered no theory about how the vessels ran into each other on a clear night in one of the safest and most regulated waterways in Asia.
BANGKOK-- The price of oil approached $93 a barrel Tuesday in Asia after a report showed U.S. manufacturing rose in September for the first time in four months. Benchmark oil for November delivery was up 21 cents to $92.69 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.
BANGKOK-- World stock markets lost momentum Tuesday as investors weighed an improvement in U.S. manufacturing against the possibility Spain's government debt will be downgraded to junk status. Britain's FTSE 100 fell 0.3 percent to 5,806.11. In Asia, Japan's Nikkei 225 index shed morning gains to close 0.1 percent lower at 8,786.05.